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Afton Chemical acquires metalworking fluid additive maker

Afton Chemical Corp., a global leader in the lubricant and fuel additive market, announced the completion of its Polartech acquisition. Polartech is a U.K.-based company specializing in the global supply of metalworking additives. With this acquisition, Afton strengthens its industrial product portfolio with Polartech’s premier metalworking fluid additive technology. The agreement includes all physical assets of the Polartech business including headquarters, R&D and manufacturing facilities in the U.K., India, China and the United States. (March 6, 2010)